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Mortgage Stress Test Creating Pent-up Real Estate Demand

April 17th, 2019

Stress Test Creating Pent-up Demand Vancouver, BC – April 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 5,707 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, a decline of 23 per cent from the same month last year. The average MLS® residential price in the province was $687,720, a decline of 5.4 per cent from ...

Posted in British Columbia

JOBS UP, SALES DOWN -STRESS TEST THE CULPRIT

March 13th, 2019

Mortgage Stress Test Continues to Dampen Home Sales in February Vancouver, BC – March 13, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 4,533 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, a decline of 27 per cent from the same month last year. The average MLS® residential price in the province was $678,625, ...

Posted in British Columbia

BCREA REAL ESTATE FORECAST

February 25th, 2019

Housing Market Adjusts to Mortgage Stress Test BCREA 2019 First Quarter Housing Forecast Update Vancouver, BC – February 25, 2019. The British Columbia Real Estate Association (BCREA) released its 2019 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 2 per cent to 80,000 units this year, af ...

Posted in British Columbia

BCREA BLAMES STRESS TESTS FOR SLOW MARKET

February 15th, 2019

Policy-Induced Housing Slowdown Continues into 2019 Vancouver, BC – February 15, 2019. The British Columbia Real Estate Association (BCREA) reports that a total of 3,546 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in January, a decline of 33.2 per cent from the same month last year. The average MLS® residential price in the province was $665,590, a declin ...

Posted in British Columbia

Balanced Conditions Prevail in BC Housing Market

November 16th, 2018

Vancouver, BC – November 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,405 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in October, down 26.2 per cent from the same month last year. The average MLS® residential price in BC was $690,161, a decline of 4.1 per cent from October 2017. Total sales ...

Posted in British Columbia

BC Home Sales to Rise in 2019

November 8th, 2018

BC Home Sales to Rise in 2019 BCREA 2018 Fourth Quarter Housing Forecast Vancouver, BC – November 8, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Fourth Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 23 per cent to 80,000 units this year, after recording 103,768 residential sal ...

Posted in British Columbia

Slow September for BC Home Sales

October 14th, 2018

BC Home Sales Continue at Slower Pace in September Vancouver, BC – October 11, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,573 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in September, a 33.2 per cent decrease from the same month last year. The average MLS® residential price in BC was $685,749, ...

Posted in British Columbia

Housing Market Reacts to Mortgage Stress Test

August 20th, 2018

Housing Market Reacts to Mortgage Stress Test BCREA 2018 Third Quarter Housing Forecast Update Vancouver, BC – August 20, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to 82,000 units this year, after record ...

Posted in British Columbia

GOOD SUMMER FOR BC HOME BUYERS

August 13th, 2018

Summer Home Sales Slow to a Simmer Vancouver, BC – August 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in July, a 23.9 per cent decrease from the same month last year. The average MLS® residential price in BC was $695,990, down 0.4 per cent from ...

Posted in British Columbia

A Return to Balance for BC Housing Market

July 13th, 2018

A Return to Balance for BC Housing Market Vancouver, BC – July 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 7,884 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in June, a 32.5 per cent decrease from the same month last year. The average MLS® residential price in BC was $716,326, down 1.3 per cent ...

Posted in British Columbia

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Don Kennedy - Sutton West Coast Realty

Blog by Don Kennedy

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Mortgage Stress Test Creating Pent-up Real Estate Demand

JOBS UP, SALES DOWN -STRESS TEST THE CULPRIT

BCREA REAL ESTATE FORECAST

BCREA BLAMES STRESS TESTS FOR SLOW MARKET

Balanced Conditions Prevail in BC Housing Market

BC Home Sales to Rise in 2019

Slow September for BC Home Sales

Housing Market Reacts to Mortgage Stress Test

GOOD SUMMER FOR BC HOME BUYERS

A Return to Balance for BC Housing Market

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